DTE Energy (NYSE:DTE) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp boosted its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 80.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,885 shares of the utilities provider's stock after buying an additional 5,725 shares during the quarter. Hancock Whitney Corp's holdings in DTE Energy were worth $1,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DTE. Mizuho Securities USA LLC grew its holdings in DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock worth $903,878,000 after acquiring an additional 7,023,042 shares during the period. Millennium Management LLC boosted its position in DTE Energy by 42.4% in the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider's stock worth $60,312,000 after purchasing an additional 161,776 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of DTE Energy by 133.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider's stock worth $27,547,000 after purchasing an additional 141,718 shares during the period. Beck Bode LLC purchased a new position in shares of DTE Energy during the 2nd quarter valued at approximately $13,355,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider's stock valued at $616,938,000 after purchasing an additional 86,205 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.2 %

Shares of DTE Energy stock traded up $0.26 during mid-day trading on Tuesday, hitting $125.44. The stock had a trading volume of 1,148,531 shares, compared to its average volume of 1,123,918. The firm has a 50-day moving average of $124.63 and a two-hundred day moving average of $119.83. The firm has a market cap of $25.98 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66.

Analyst Ratings Changes

DTE has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a "buy" rating and a $131.00 price target for the company. Jefferies Financial Group assumed coverage on DTE Energy in a research report on Monday, October 21st. They set a "hold" rating and a $137.00 price target on the stock. BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Finally, Mizuho upped their target price on DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.46.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.